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| Wellington J. Denahan |
NEW YORK, NY --(BUSINESS WIRE)-- Annaly Capital Management,
Inc. (NYSE:NLY) today announced that John A. Lambiase will not stand for
re-election at the Company’s 2014 Annual Meeting of Shareholders.
Mr. Lambiase is a non-independent director and has served on
the board of directors since January 1997. His departure will be effective on
the day of the Company’s 2014 Annual Meeting of Shareholders.
“I want to thank John for taking a chance on a new startup
some 17 years ago. Over his many years of service, he has provided valuable
expertise, sound judgment and solid guidance,” said Wellington J. Denahan, Chairman
and Chief Executive Officer of Annaly. “I hope he can now truly enjoy his
retirement.”
Annaly’s principal business objective is to generate net
income for distribution to its shareholders from its investments.
Annaly is a Maryland
corporation that has elected to be taxed as a real estate investment trust
(“REIT”). Annaly is managed and advised by Annaly Management Company LLC.
For a complete copy of the company’s news release, please
contact:
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
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